Stocks in Focus on May 14: Jet Airways, EIL and Avadh Sugar; here are the 5 newsmakers of the day

The domestic stocks dropped sharply on Monday, May 13, 2019, and closed in the red. The stocks registered losses for the ninth straight trading session but there were certain stocks that came in news after the market was closed for trading on the day and can impact the market after it reopens on Tuesday, May 14, 2019. Here is the list of five stocks:

Change in MSCI Index: MSCI Inc, the world’s largest index provider, on May 13, 2019, announced May 2019 Semi-Annual Index Review for the MSCI Equity Indexes. The changes will be implemented as of the close of May 28, 2019. ICICI Lombard has been included in the MSCI India Index while Cadila Healthcare will move out from the index. Twelve new shares will be added to the MSCI Small Cap index while 10 shares will exit. The MSCI India index is designed to measure the performance of the large-cap and midcap segments of the Indian market.

Jet Airways: Media reports suggest that the banks have rejected the buyout offer from Middle Eastern carrier Etihad Airways due to the stiff conditions put by the airways, which include a substantial write-down of the loans as a prerequisite to run Jet Airways. In addition, the Abu Dhabi-based airline company has put the onus of finding a majority investment partner on the Jet Lenders. 

TRENDING NOW

Auto giant Aston Martin launches DB12 in India; know ex-showroom price and specifications

Amazon Great Indian Festival: Get Apple iPhone 14 for as low as Rs 23,249

Government increases windfall tax on domestic crude to Rs 12,100/t from Rs 10,000/t

Guaranteed Pension System (GPS) vs Old Pension Scheme (OPS): Which pension scheme offers maximum retirement benefits?

Godrej Properties acquires 109-acre land in Nagpur for about Rs 200 crore to expand business

Mutual Fund Investment: 5 best mutual funds to build wealth

Amazon Great Indian Festival dates announced; Prime members to get early access from October 8

Anil Agarwal shakes up biz; to demerge five businesses of Vedanta, restructure zinc unit

India's forex reserves falls for 3rd week in a row

ICC World Cup 2023: When and where to watch India vs England warm-up match tomorrow

IND Vs ENG LIVE Score, ICC World CUP 2023 Warm Up Match Updates: India to take on England in their first warm-up match at Barsapara Stadium, Guwahati

Small savings schemes: Five-year recurring deposit will make more money for you in December quarter; this is the new interest rate

RBI cancels licence of Lucknow Urban Co-operative Bank

Plaza Wires IPO hits Street: Issue price, subscription status, listing date, other key details to know

EPFO extends deadline to upload details by employers for higher pension option by 3-month till Dec 31

Engineers India Limited: The company has announced that the company has signed a contract with Mangol Refinery State Owned LLC for providing its PMC services for the construction of a crude oil refinery plant in Mongolia. 
Avadh Sugar & Energy: The board of Avadh Sugar & Energy on May 13, 2019, recommended the issue of bonus shares by the capitalisation of capital redemption reserve in the ratio of 1:1. The decision is subject to shareholders’ approval through postal ballot, the company said

NBCC (India) Limited: Reports suggest that the government’s construction arm NBCC on May 13, 2019, decided against withdrawing certain conditions, including exemption from tax liability, in its revised offer for debt-laden Jaypee Infratech even as lenders have flagged serious concerns about the state-owned firm's conditional bid.